Loading ...You know the drill. DOW will open up 200 tomorrow. Gold will be down $10.
No worries, same old shit
Florida
Well that’s good it will not include Fox Business. I’m not looking right now what they’re up to but they all still need to play growth even though they have more money than they know what to do with to appease the board members. It always leads to bubbles at some point down the road.
Florida
Yep just what I was thinking. Of the two bidding for it, Comcast or Disney I hope Comcast gets it. Better, hope the merger can be stopped.
There they go
Comcast want to buy out N Fox. Wonder who wants to merge with Comcast next or vise Versa.
Richard 15:34
Of course cuz it’s gonna speed up maybe and they need a reason. They have a target of raises till 2020.
R640
PM shares Au plus $ 4 and Hui unch to down in lockstep with SM…just crazy!!!!
Ag even worse plus 1.4 % and shares no where.
Richard
I wonder if Netflix is up because Att and Time warmer merged and speciation on higher prices. This might set precedent of others to merge.
G&S surging now–GDX up a big 3 cents–WPM up 7cents–NUGT up 4 cents–
Jeesh! The games never end…phooey!
Whoa! After the zfed decision, the $ had a big spike then gave it all back and is DOWN. .108–Hmmm-Ina any other
market I’d say that’s pretty bullish action–2 more rate hikes in 2018? Why the long face Mister Dollar? I gotta buy something…
Netflix up 18 bucks-5%–on exactly what news?
This crowding in–like the “NiIfty-Fifty—is what ya see at major, major tops…
Richard
That’s creepy. Funny evil didn’t change when they were all underground or in concentration camps. Ipso link about people in power about summed it up, sociopathy group think.
Fed knows the pensions are in trouble. I wonder if things are going to speed up now but then we have Europe that don’t want it even though they are bound to raise they’re when no one buys their bonds. Hard for them to balance anything.
Portugeezer
Lol Bullies don’t like it when someone better at it comes along. Ask R De Niro.
When was the last time any economic news was PM bullish.
the odds on real events/numbers being bearish every time, are now beyond calculation. The scum are making the mkts are sad joke.
Update
Algos have Hui going tick for tick with SM !!!!!!!
D’oh!
Crypto Collapse Accelerates As Bitcoin Miners Turn Cashflow Negative
Another day, another leg lower in cryptocurrencies as FUD spreads, this time on the back of headlines exposing market manipulation during last year’s meltup and collapsing margins for miners as prices tumble below breakevens.
EXK up on heavy volume
No news I can see
R640
Generally not uncommon for the metals to be firm before a rate hike, it’s what they do to them after. I’d bet on a $20 down move today.
Metals should be higher based on the blowout PPI inflation numbers this am.
I just got home-I see that again G&S are up on FED day–this has been going on for many months
I’d like to say “how bullish” but any gains are given back in the following days–gold’s up 2.50 and S up 11 but the HUI is down…so what else is new in the gold world? That’s what happens when the Elders of Zion control the world!!
***********************************************************
The Protocols Of The Elders Of Zion The Jewish Danger 1921
Beware!The Federal Reserve will hike at least every other meeting until something breaks. Full stop.
THE FED IS NOT YOUR FRIEND
The truth of the matter is that the US economy is doing well. In fact, beneath the hood, it might even be booming.
We are so far away from the Federal Reserve slowing down the rate of hikes. The economy is doing well. Stocks are on their highs. Unemployment is hitting new lows. Inflation is ticking at cycle highs. If anything, I expect the Federal Reserve to increase the pace of tightenings – not the other way round.
I am not sure what this will mean to asset prices, but be careful in assuming the Fed is on financial markets’ side…
Powell will not reduce this pace because the 5-30 spread is hitting new lows. Nor will he care about the effective Fed Funds spread over IOER. And finally, the Federal Reserve has a mandate to set policy for the USA and will not alter course because of emerging market wobbles.
Additionally, there have been stories indicating the Federal Reserve is considering holding press conferences every meeting as opposed to every second one. Although there are plenty of good reasons to change this policy, I believe that Powell is worried he will have to raise rates at a quicker pace in the future.
Let’s face it, on the metrics that matter to the Federal Reserve (employment and inflation), the signals are all pointing to an economy that needs higher rates.
Thanks for reading,
Kevin Muir
the MacroTourist
@ipso facto re 9:57, Global Multinational Corporations face harsh new Reversal Of The Past
Any company from one country, doing unfettered “promiscuous” business activity in somebody else’s country, then that alien country is the “burdened vehicle”, and subject to “getting thrown out” or taxed. Note USA is starting tariffs, taxes on some US based global businesses, that avoid US labor and taxes, NOT really “China” per say getting taxed.
Like the quote I coined after Bernie Madoff got nailed, about everything going into reverse…..”If you were getting away with something, that wasn’t right, you should stop before you get caught” Mr. Copper circa 2009.
Prior examples of unfettered “promiscuous” business were Slavery, Woman’s rights, Immigrants rights, Gay’s rights etc. I think many big globally operating businesses are going to have problems if they have been getting away with something, that USED to be all right for decades, but not alright in the future like slavery etc.
The latest is “pissing away money on war games” in Korea.
Invest here? fugedaboutit!
Congo’s miners face harsh new reality as mining law finalized
The options for mining companies battling new legislation in the Democratic Republic of Congo — Africa’s biggest copper producer and the source of two-thirds of the world’s cobalt — have just about run out.
After six months of lobbying, companies including Glencore Plc and Randgold Resources Ltd. have got nowhere in their battle to push back against the mining law, which voids existing agreements and increases their costs. Congo approved the final part of the bill on Friday, and despite earlier indications from President Joseph Kabila that the rules might be eased, the law hasn’t been weakened in any way.
While the constitution bars Kabila from running for a third term, Congo’s embattled leader has refused to rule himself out as a candidate in elections later this year, and his campaign to wring more revenue out of mining companies is proving popular with voters. A meeting in March in which chief executives including Glencore’s Ivan Glasenberg pleaded their case to Kabila was used by state media to portray the president as a wise power broker standing up for the national interest.
“Something like this, which is quite scary to foreign investors, isn’t going to bother” Kabila, said Hunter Hillcoat, a mining analyst at Investec Securities Ltd. in London. The law is both a vote winner and a much-needed source of extra revenue as the president seeks to increase state largess. “Kabila is going to pull out all the stops to get financing in place,” Hillcoat said.
Few alternatives now remain open to the companies — try to cut individual deals to gain exemptions or challenge the changes at international arbitration, leading to protracted legal battles.
Friday’s decision means the miners are now liable to pay a 50 percent tax on so-called super profits and up to a 10 percent royalty on cobalt production, in addition to other changes. In a violation of the terms of the previous legislation, the government has also chosen to ignore stability clauses in their contracts that should have protected Glencore, Randgold and others from the most material changes for 10 years.
more http://www.mining.com/web/congos-miners-face-harsh-new-reality-mining-law-finalized/